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Atlantis Business Development Corporation Announced Subsidiary Atlantis Acquisition 1 Is Appointing New Officers to the Company

MIAMI, FL -- (MARKET WIRE) -- February 10, 2006 -- Atlantis Business Development Corporation, Inc.
(OTC BB: ABDE) announced that subsidiary Atlantis Acquisition 1 is
appointing new officers to the company. Jim Adams and Wayne Reid will now
become officers of Atlantis Acquisition 1.

Mr. Adams is the Managing Partner of The Venture Catalysts, a consulting
firm that focuses on business development. He brings a wealth of experience
and training in marketing, journalism, finance, politics and general
business to his clients.

Mr. Reid, a world-ranked tennis player (he beat Rod Laver) and a member of
a Davis Cup winning team, has a strong international business background
and has been awarded the OBE (Order of the British Empire).

Both Mr. Adams and Mr. Reid have been officers of Equitable Mining
Corporation (OTC: EQBM), a precious metals company, for sometime. To read
more about Equitable Mining Corporation visit their website at
http://www.equitablelifeinvestments.com.

About Atlantis Business Development:

Atlantis Business Development Corporation, (ABDE)
(http://www.atlantisbdc.com) is currently registered as a Business
Development Corporation (BDC) in accordance and pursuant to Section 54 of
the Investment Act of 1940. It seeks out Companies that are in their
business development stage and invests in these Companies through various
means. It also builds, creates, and funds its own profitable companies in
order to produce greater future value to its shareholders. The Investment
Company Act of 1940 was passed to encourage investing in developing
businesses. The Act provides simpler access to public funds for the purpose
of business development, with emphasis on regulation of expenditures,
rather than regulation of fund-raising. Under the Act, the majority of
publicly raised funds pursuant to the Act must be employed in developing
businesses.

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: The statements contained in this news release include certain
predictions and projections that may be considered forward-looking
statements under securities law. These statements involve a number of
important risks and uncertainties that could cause actual results to differ
materially including, but not limited to, the performance of joint venture
partners, as well as other economic, competitive and technological factors
involving the Company's operations, markets, services, products and prices.
With respect to Atlantis Business Development Corp. (ABDE), except for the
historical information contained herein, the matters discussed in this news
release are forward-looking statements involving risks and uncertainties
that could cause actual results to differ materially from those in such
forward-looking statements. Potential risks and uncertainties include, but
are not limited to, ABDE's extremely limited operating history,
uncertainties related to the Company's access to additional capital,
competition and dependence on key management.